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Fiscal Policy
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If price elasticity in region 1 is -2 and in region 2 is -3. In order to maximize profit in both region 1 and region 2, what relationship could be between optimal price P1 in region 1 and optimal price P2 in region 2? 3P1 = 4P2 4P1=3P2 P1=3P2 Can not...
Posted
18 days ago

Explain the three types of exchange rate systems: free-floating, managed, and fixed. Discuss the differences between them. What are the advantages and disadvantages of each system? Which system is the United States currently operating? Do you think...
Posted
21 days ago

Description This assignment involves analyzing and interpreting a recently published economics article. You will research and select one article published within the past year that discusses an economics issue and explain the economics concepts...
Posted
24 days ago

Question 5 Tries remaining:2 C Points out of 6.25(Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) PFlag question Suppose a firm has an average total cost function given by: ATC 9610/q +1 +10q Calculate...
Posted
one month ago

Write an essay of about 800-1000 words on any of the five options below: "What are the advantages and the limitations of using technology to aid delivery of public services?" Please make sure that you write in a coherent manner with a...
Posted
8 months ago

There is an enormous number of studies that have attempted to answer empir-ically the question: “how does fiscal policy affect the economy”. 1. Why is this a difficult question for statistical studies to answer? For ex-ample, why can’t we just put...
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9 months ago

“how does fiscal policy affect the economy”. 1. Why is this a difficult question for statistical studies to answer? For ex-ample, why can’t we just put GDP on the left side of a regression equationand some measure of fiscal policy on the right side,...
Posted
9 months ago

Assume the government undertakes expansionary fiscal policy. (a) Illustrate (draw) how this action affects: 1. the AD-AS model; 2. the Phillips curve model; 3. the IS-LM model. (b) As a result of the change in (a) above, what is the impact on: 1....
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11 months ago

1. Topic: Investigate fiscal policy of the current Australian government - its issues and impacts on the economy. 2. Suggested structure for the essay: • Introduction: around 300 words. • Body: around 2000 words, discussing and analysing the research...
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one year ago

MACROECONOMICS (Fiscal Policy and Monetary Policy)Topic: The Great Recession This assignment covers the following course outcomes Describe how a market economy functions and the relationships of its major subdivisions or aggregates, such as the...
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one year ago

This activity is designed to get student familiar with data analysis in macroeconomics. Students will be able to analyse the performance of different macroeconomic variables for a country and be able to reflect on the key problem to address the main...
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one year ago

The purposes, tools, and limitations of fiscal policy 9.2 The role of built-in stabilizers in dampening business cycles 9.3 The problems, criticisms, and complications of fiscal policy 9.4 About the size, composition, and consequences of Canadian...
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one year ago

In a minimum of 3-5 sentences answer the following questions. 1. How does a large budget deficit affect the use of fiscal policy? 2. What is the Keynesian view of fiscal policy? 3. In terms of fiscal policy discuss the merits and drawbacks to...
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one year ago

Let us assume that you were in the position of altering fiscal policy in our current economy. What would you change (spending, debt, taxes) and why? How would this impact our economy?
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one year ago

Let us assume that you were in the position of altering fiscal policy in our current economy. What would you change (spending, debt, taxes) and why? How would this impact our economy?
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one year ago

Presentation slides required for a 10-minutes presentation on 'Fiscal Policy'. 10 minutes should also include a 2-minute video on the related topic. So, we need to pick a related video, then form a question and talk about it. The currency of...
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one year ago

1. Policy Topic: The country needs investment? Why? How do we pay for it? What will it do for us? Personal savings is low in the United States. The government runs a budget deficit, and there are also large transfer payment programs in the U.S. Is...
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one year ago

4. Following are the main topics of your research from which group will choose any ONE: - Economic Growth of Australia in last 3 to 5 years - Unemployment in Australia last 5 years - Fiscal Policy of Australian government in last 3 to 5 years -...
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one year ago

5.2 An Overview of Business-Cycle Research 193 TABLE 5.3 Behavior of some important macroeconomic variables in recessions Variable Average change in recessions Number of recessions in which variable falls Real GDP* Employment* Unemployment rate...
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one year ago

Notes (1) This is not a traditional exam but is a “take home exam” or assignment. Please read all instructions carefully. (2) You should read the questions and the articles before setting aside time (probably on a different day) to write your...
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one year ago

Group Assignment (Written Essay): 25% 1. Organize yourselves into groups. Each group is to have Four or Five members depending upon the class size. 2. Groups need to choose a topic from the list of topics provided by the lecturer and write an essay...
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one year ago

At a June 2010 summit of the G-20, President Obama urged member nations to continue stimulus spending to maintain economic growth. Obama successfully argued the same case at a summit in 2009, resulting in increased fiscal spending by the G-20 in both...
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2 years ago

What good are macroeconomists? Few would argue that we should throw out all the macroeconomists. However, in terms of policymaking, it is debatable whether or not macroeconomists have made a substantial contribution to policymaking. What are...
Posted
2 years ago

Assignment 3 consists of two problems worth 5 marks each. Text material which may be relevant to the question may be drawn from any of text chapters 12, 13 and 14. Question 1 Using data from the Australian Bureau of Statistics (ABS)...
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2 years ago

Compare the effects of a proportional income tax and a progressive flat-rate income tax, that is, one in which there is a lump-sum grant from the government of, say $5,000, and then a constant marginal tax rate on all income. I want you to see...
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2 years ago

Using Table 10.1 (see textbook or lecture notes) and the formulas and numbers given in the text for the multiplier and tax multiplier, calculate the effect on equilibrium GDP of a government spending level of 100 combined with a tax level of 100....
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2 years ago

EC2283: Chapter 30: GOVERNMENT BUDGETS AND FISCAL POLICY (a) Is it possible for a nation to run budget deficits and still have its debt/GDP ratio fall? Explain your answer. (b) Is it possible for a nation to run budget surpluses and still have its...
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2 years ago

A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company forecasts that the revenue will be $190 million in the first year, but will decline by $2 million every year for the next 3...
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2 years ago

Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for each of the following values of the MPC. Then, calculate the change if...
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2 years ago

READ INSTRUCTIONS CAREFULLY BEFORE ANSWERING QUESTIONS SECTION A: ESSAY AND PROBLEMS Answer all questions in this section. No credits for solutions without clear steps. 1. In 2010, a country had nominal GDP of $6.6 million and GDP deflator of 120. In...
Posted
2 years ago

Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. It is important to have the right mix of policies and that...
Posted
2 years ago